Refer to the Following Figure When Answering the Following Questions

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.4: Personal Saving Rate: 1990-2010
-Consider Figure 16.4. A possible cause for the fall in the saving rate between 1990 and 2005 is:

A) precautionary saving.
B) consumption smoothing.
C) the changing composition of households' savings portfolios.
D) increasing competition among commercial banks.
E) less access to credit markets.